Daily Report

11 de Outubro de 2024
Financial Markets | daily report 11.10.2024
  • Thursday's trading was driven by two US data points: September inflation, which came in slightly higher than expected, and weekly jobless claims, which came in higher than expected, indicating some weakness in the labour market. The debate on the Fed's next move was further fueled by Fed's Barkin words saying it was too soon to declare victory over inflation.
  • Government bond yields failed to find a clear direction on this news and were broadly flat on both sides of the Atlantic. In the Eurozone, peripheral spreads narrowed, except the French spread, which was flat ahead of the Prime Minister's 2025 budget presentation. Separately, the ECB's September minutes showed a cautious assessment of the current disinflation.
  • In the equity market, developed market indices were broadly flat. In the currency market, the dollar was flat against the euro but weakened against the yen as BoJ officials talked about the possibility of further rate hikes when the bank becomes more confident in its forecasts. In commodities, oil prices rose on supply risks in the Middle East.